Address
7918 S Champlain Avenue, Chicago, IL
Price
$ 450,000
Property Attributes
- MLS#12701385
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Chatham
- NeighborhoodChatham
- Zip60619
- StyleAmerican 4-Sq.
- Year Built1928
- Taxes$ 6228
- Price$ 450,000
- Bedrooms9
- Full Bathrooms4
- Half Bathrooms1
- Lot Size0.85 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Turnkey, income-producing investment opportunity in Chicago's desirable Chatham neighborhood! This fully occupied brick 3-flat generates $4,300 per month in rental income, providing immediate cash flow from day one. Tenants pay for gas and electric. The property has maintained the same tenants and rental rates for the last three years. Each spacious unit offers 3 bedrooms and 1 full bath, making this a highly desirable property for tenants and investors alike. Filled with classic Chicago charm, the building features hardwood floors, decorative fireplaces, built-in cabinetry, and timeless architectural details that continue to attract quality renters. The property also includes a 3-car brick garage and a full basement with front and rear access, generous ceiling height, and excellent potential for additional living space, storage, or future value-add opportunities (subject to City approval). Recent capital improvements include a boiler approximately 5 years old, roof approximately 5 years old, updated circuit breakers, and a hot water tank approximately 8 years old, helping reduce near-term maintenance concerns. Ideally located in the heart of Chatham, this property is just minutes from the transformative Obama Presidential Center, the Dan Ryan Expressway, public transportation, parks, shopping, and neighborhood amenities. With strong in-place income, solid building fundamentals, and long-term appreciation potential, this is an outstanding opportunity for both seasoned investors and owner-occupants looking to build wealth through real estate. Building being listed "As-Is"
| Price History | |
|---|---|
| 7/11/2026 | Listed $475,000 |
| 8/12/2026 | 6$450,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Steam,Radiator(s) |
| Possession | Closing |
| Roof | Rubber,Flat |
| Zoning | MULTI |
| Garage Spaces | 3 |
| Architectural Style | American 4-Sq. |
| Construction Materials | Brick |
| Year Built | 1928 |
| Township | Hyde Park |
| Tax Year | 2024 |
| Ownership | Fee Simple |
| Gross Income | 51600 |
| Community Features | Curbs,Sidewalks,Street Lights,Street Paved |
| County | Cook |
| New Construction | No |
| Property Type | Residential Income |
| Other Structures | Garage(s) |
| Total Rooms | 18 |
| Status | Active |
| Directions | Cottage Grove to 79th,West to Champlain,South to address. |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - Chatham |
| Tax Annual Amount | 6228.2 |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Unfinished,Exterior Entry,Storage Space,Full,Walk-Out Access |
|---|---|
| Total Bedrooms | 9 |
| Room Type | Foyer |
| Total Baths | 4 |
| Bedrooms Possible | 9 |
| Full Baths Building | 3 |
| Half Baths Building | 1 |
| Total Number of Units | 3 |
Exterior Features
| Model | 3 FLAT |
|---|---|
| Parking Features | Garage Door Opener,Yes,Garage Owned,Detached,Garage |
| Lot Features | Common Grounds |
| Water Source | Lake Michigan,Public |
| Total Parking | 3 |
| Foundation Details | Concrete Perimeter |
| Lot Dimensions | 30X125 |
| Lot Size Acres | 0.85 |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60619
Price
Taxes
Year Built
Visits
